Your client would like to contribute $36,000 at the end of each year to a retirement...

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Your client would like to contribute $36,000 at the end of each year to a retirement account for the next 20 years, earning an annual return of 7%. How much will be in the account after 20 years? How much will be in the account if the annual return is 12%. Your client would like to contribute $36,000 at the end of each year to a retirement account for the next 20 years, earning an annual return of 7%. How much will be in the account after 20 years? How much will be in the account if the annual return is 12%.

Answer rating: 100% (QA)

To calculate the future value of the retirement account after 20 years we can ... View the full answer